What Type of Warranty Does a Seller Create When Making

question 10

Multiple Choice

What type of warranty does a seller create when making statements about the condition,quality,and performance of the good that the buyer substantially relies on?

• A)Sales warranty
• B)Verbal warranty
• C)Express warranty
• D)Warranty of merchantability

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Definitions:

Owners

Refers to individuals or entities that have legal ownership and control over a business or property.

Depreciable Asset

A tangible or intangible asset subject to depreciation, representing its loss in value over time due to usage or obsolescence.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset over its useful life, reducing its initial cost to its current book value.

Book Value

The value of an asset as recorded on a company's balance sheet, calculated as its cost minus accumulated depreciation.